target audience: TECH SUPPLIER  Publication date: Jun 2023 - Document type: Market Share - Doc  Document number: # US49193923

Worldwide Financial Applications Market Shares, 2022: Role of CFO Continues to Expand

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  • Kevin Permenter Loading
  • Jordan Steele Loading
  • Heather Herbst Loading

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Abstract


This IDC study examines the market for financial applications, which is expected to see solid growth driven, in part, by the sharper focus on financial applications that was a prominent side effect from the COVID-19 pandemic for many businesses. In many ways, the crisis has accelerated the adoption of cloud financial applications relative to on-premises and private cloud deployments.

"CFOs must be able to effectively communicate not only a business's financial position but also its mission, purpose, and social standing. Vendors choosing to sell tools/platforms into this space must work to support this evolving role," says Kevin Permenter, research director, Financial Applications at IDC.



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